DNO International ASA - Annual Statement of Res...

DNO International ASA ("DNO") today files the disclosure for
hydrocarbon reserves
as of 31.12.2008 in accordance with Oslo Stock Exchange Circular no
2/2007.


The total remaining P50 reserves for DNO as of 31.12.2008 are
estimated at 162,6 million barrels of oil equivalents. This is an
increase of 10,8 million barrels compared to the year before (151,8
million barrels). Including P50 associated reserves of 11,1 million
barrels the total figure at 31.12.2008 is 173,7 million barrels of
oil equivalents, which is an increase of 19 million barrels compared
to the year before (154,7 million barrels). The volumes correspond to
commercial reserves, class 1-3.

In addition, 2,7 million barrels are estimated as contingent
resources in class 4-5 and 15,5 million barrels are included as
associated contingent resources in class 4-5.

In summary, the estimate for P50 reserves and contingent resources
(class 1-5) for DNO as of 31.12.2008 are 191,9 million barrels of oil
equivalents, which is an increase of 7,2 million barrels from
previous year (184,7 million barrels)

Resources under evaluation (class 7) are estimated at 13,1 million
barrels in oil equivalents. In addition the Company holds 13,5
million barrels of oil equivalents in associated class 7 resources.
The ASR report does not include class 7 resources. With inclusion of
these volumes, total P50 class 1-7 reserves and resources as of
31.12.2008 are estimated at 218,5 million barrels of oil equivalents,
an increase of 14 million barrels compared to the year before ( 204,5
million barrel)

Helge Eide, Managing Director said:

"We are pleased to note that we continued to deliver increased
reserves and resources to DNO in 2008. As result of successful infill
and delineation drilling in Yemen we were able to replace all
produced reserves from this region in 2008. We hope that the ongoing
evaluations of our current discoveries together with the selected
exploration efforts going forward will continue to add new reserves
and resources to the Company also in 2009."


Reserves (class 1-3), mill. boe                                 162,6
Contingent resources (class 4-5), mill. boe                     2,7
DNO's share of class 1-5 associated reserves and resources in   26,6
DETNOR*
Total reported in ASR report, mill boe                          191,9



Resources (class 7), mill. boe                        13,1
DNO's share of class 7 resources in DETNOR*           13,5
Total class 1-7 reserves and resources, mill. boe     218,5


* Associated reserves from 36,9 % ownership in Det norske oljeselskap
ASA.


DNO International ASA
31 March 2009


Contacts:

Media:


Helge Eide, MD DNO International ASA     Telephone: [phone]
Ketil Jørgensen, Crux Communication      Telephone [phone]
(Norway)
Ben Willey, Buchanan Communications (UK)  Telephone: [phone]


Investor Relations:


Haakon Sandborg, CFO DNO International     Telephone: [phone]
ASA


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